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Soymeal prices fell by EUR 4 per tonne in Europe as Chicago soybeans lost ground on profit-taking and rain in the Corn Belt. The USDA reported a 2% drop in US soybean supplies, while Brazil's 2019/20 exports reached 63.6 million tonnes and export expectations were raised to 89 million tonnes.
Ample Brazilian export availability and softer US futures weigh on soymeal values for European feed buyers. Continued large export supplies point to limited near-term support for meal prices.
mundus-agri.euJul 14, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
